Restaurant. 2 kitchens. Full liquor. Asset Sale

Milpitas, CA
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Asking Price:$195,000
Established Year:2004
ASSET SALES DESCRIPTION

**This is an ASSET SALE. The cost to build this restaurant from scratch would be $600,000+ and take at least 1 year**

Double Unit with 2 full kitchens. 20 ft. and 11 ft. Type 1 Hoods.

SIZE 2,000 square feet
RENT -Base: $7,543 per month
RENT -NNN: $1,900 per month
RENT INCREASE: 2% per year
EXPIRATION: July 7, 2025
RENEW OPTION: 10 years
PERMITTED USE: Thai Restaurant

ABC-47 license additional at $75,000

11 year lease. 2% annual increases

Allowed Concepts: Thai, Korean, Malaysian, Indian, Hot Pot, Kebob, etc

Prohibited Concepts(existing in the center already): Chinese, Japanese, Sushi, Vietnamese, Tea or Boba, Bakery, BBQ, and Bento.


DETAILED INFORMATION
Location
Milpitas, CA
Facilities
Small shopping center. Fully equipped-each unit. 2,000 sq.ft. 2 kitchens Seats 66
Reason for Selling
Needs new concept
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Todd
Moore
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Todd Moore